RBI data shows bad loans in India are the lowest in at least 13 years. While write-offs are the main reason, lower NPA additions & falling slippage ratio are also driving factors.
In series of X posts, Finance Minister Nirmala Sitharaman highlights 'banking sector turnaround from non-performing assets crisis created by UPA to Rs 3 lakh crore profits in FY24'.
The RBI has clarified that the penalty is not intended to pronounce upon the validity of any transactions or agreements that the bank has entered into with its customers.
RBI has made it more costly to lend & borrow unsecured loans. One reason is financial risk these loans can pose, while another is harassment of borrowers by recovery agents.
Indian banks, regulators, and investors weren’t worried when crises began exploding in US and European banks earlier this year. This resilience has been a long time coming.
In FAQ document, RBI says its new guidelines won't stop penal proceedings against wilful defaulters & that recoveries will continue even if loans are technically written off.
In anticipation that consumers will ease their purse strings during festive season, banks including SBI & HDFC have slashed home loan rates to the lowest level in a decade.
HDFC's retail loans grew around 9.3 per cent slower than its overall book's 14.4% in the June quarter, much lower than SBI (16.5%) & ICICI (20%) growth in that portfolio.
On 26 October 2014, professor Romila Thapar delivered the Third Nikhil Chakravartty Memorial lecture, reflecting on the eroding space for public intellectuals in India.
In a conversation with ThePrint, Tamil Nadu Planning Commission Executive Vice-Chairperson says it's impossible for Apple to shift manufacturing units from Tamil Nadu to US, given the cost.
Speaking at CII event, Defence Secy Rajesh Kumar Singh also said MoD is revising Defence Acquisition Procedure (DAP) 2020 to better align with operational realities and expedite decision-making.
Asim Munir locked up Imran Khan, had his handmaiden parliament give himself an extended tenure. But the additional jingle of that fifth star will not change facts on the ground.
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